Before the massive shutdowns, many workers made enough to live on but not enough to save, leaving Americans in a particularly precarious financial predicament when Covid-19 shut the doors of many businesses and leaving many workers now unemployed. Roughly half of Illinois households have no emergency savings - no one to borrow from, nothing of value to sell, and no rainy day funds to cover what is now over 6 weeks of shutdowns across the nation. Even with expanded unemployment benefits and … [Read more...]
Archives for April 2020
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Individual and Business Bankruptcy Resulting from Covid-19
Many predict that the widespread shutdowns related to Covid-19 will result in a record number of bankruptcy filings, both personal and business. Despite the Paycheck Protection Program (PPP) for small businesses and stimulus checks sent to individuals and families across the nation, many families and businesses are accumulating massive debt with limited resources flowing in. Over the next 12 months both personal and business bankruptcies may see a dramatic increase depending on how long the … [Read more...]
Google Rating
Based on 67 reviews
Facebook Rating
Based on 7 reviews
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Based on 1 reviews